Sidney Industries manufactures a variety of custom products. The company

has traditionally used a plantwide manufacturing overhead rate based on

machine hours to allocate manufacturing overhead to its products. The

company estimates that it will incur $$1,520,000$ in total manufacturing

overhead costs in the upcoming year and will use $8,000$ machine hours.

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Read the requirements.

Requirement $1.$ Calculate the cost of Job $351$ using the traditional plantwide

manufacturing overhead rate based on machine hours.

Begin by calculating the plantwide overhead rate. First identify the formula

used to compute the plantwide overhead rate, then compute the rate.

$($Abbreviations used: MOH$=$ manufacturing overhead$)$

manufacturing

$$

overhead rate